Funding you earn now, next payment 00:00 UTC+0.0455%/8h= +49.8% APRnext payment +$2.28 per $10,000 · paid last 24h +0.240%
Price spread now: Gate against BloFin−0.096%48s7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2292.286% of the position
Funding, last 7 days+0.779%+$78 on $10k
+Price spread, last 3 days (all we have)+0.209%+$21 · spread now −0.096%, 7d avg +0.029%
=Funding pays, the price is against you. Gate is 0.125% cheaper against BloFin than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of +0.029%). If the spread goes back, that is −$12 on $10k: about 22 hours of funding at the current rate (+$14 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PTB-USDT | 0.001251 | 0.0927 | pay 0.0463% / 4h | 1h 20m | $538K | $1.1M | 20x |
| Short | Gate PTB_USDT | 0.001250 | 0.1382 | get 0.0691% / 4h | 1h 20m | $2.1M | $7.6M | 25x |
BloFin PTB-USDT
Gate PTB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $95.58
- Price spread: −0.096% → +0.029%
- −$12.48
- Slippage, 4 orders
- −$201.59
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$145.49
- Costs to cover
- 2.286%
- Break-even
- 17.7 days
Slippage from BloFin: live order book, 2 min ago; Gate: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 2 min ago | 3.59 bp | 27.7 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 7.61 bp | 77.5 bp −$78 | doesn't fit | doesn't fit | doesn't fit |
PTB on 10 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit PTBUSDT | +0.0100% | 4h | 0.001253 | +0.128% | $2.0M | $27.4M | 25x | as long as short |
| Variational Omni PTB | +0.0100% | 4h | 0.001251 | −0.005% | $27K | $55K | — | as long as short |
| Aster PTBUSDT | +0.0925% | 4h | 0.001250 | −0.049% | $75K | $1.0M | 5x | as long as short |
| BloFin PTB-USDTlong | +0.0927% | 4h | 0.001251 | long leg | $538K | $1.1M | 20x | |
| Binance PTBUSDT | +0.0949% | 4h | 0.001252 | +0.085% | $9.3M | $183.6M | 20x | as long as short |
| Extended kPTB-USD | +0.0952% | 1h | 0.001252 | +0.047% | $4K | $45K | 5x | as long as short |
| BingX PTB-USDT | +0.0957% | 4h | 0.001253 | +0.184% | — | $2.5M | — | as long as short |
| MEXC PTB_USDT | +0.0962% | 4h | 0.001252 | +0.120% | $468K | $1.2M | 20x | as long as short |
| KuCoin PTBUSDTM | +0.1038% | 4h | 0.001252 | +0.096% | $2.0M | $8.6M | 20x | as long as short |
| Gate PTB_USDTshort | +0.1382% | 4h | 0.001250 | −0.096% | $2.1M | $7.6M | 25x |
Bybit PTBUSDT
Variational Omni PTB
Aster PTBUSDT
Binance PTBUSDT
Extended kPTB-USD
BingX PTB-USDT
MEXC PTB_USDT
KuCoin PTBUSDTM